LEEWAY-WELTON HOUSING CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JAY KATZ

Phone

2038650068

Tax Period

2023-10-01 to 2024-09-30

LEEWAY-WELTON HOUSING CORPORATION, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $264K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $323K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES, AND IN PARTICULAR, TO PROVIDE PERMANENT AFFORDABLE HOUSING FOR PERSONS WITH THE HIV/AIDS INFECTION AND PERSONS WITH DIABILITIES, AND TO PROVIDE SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULLNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES ARE TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $283,426 Revenue: $253,291

TO PROVIDE HOUSING FACILITIES, AND IN PARTICULAR, TO PROVIDE PERMANENT SUPPORTIVE HOUSING FOR HOMELESS PERSONS, PERSONS WITH THE HIV INFECTION AND PERSONS WITH DISABILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $247,266

Investment Income $10,773

Other Revenue $6,025

TOTAL REVENUE $264,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,987

Fundraising Expenses $0

Program Expenses $283,426

Other Expenses $287,968

TOTAL EXPENSES $322,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,064	$174,768	+0.5%
Expenses	$322,955	$285,499	+0.1%
Net Income	$-58,891	$-110,731	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$346,086

Total Directors

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY KATZ	EXECUTIVE DIRECTOR	1.00	Officer	$0	$56,722	$203,220
LENNOX VICTORY	CHIEF OPERATIONS OFFICER	1.00	Officer	$0	$20,512	$142,866
KATHERINE SYLVESTER	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT MORGAN	DIRECTOR/CONSULTANT	1.00	Director	$0	$0	$15,600
JEFFREY BUSK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DYSON	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$264,064	$322,955	$2,277,731	$-58,891
2023	$174,768	$285,499	$2,363,540	$-110,731
2022	$163,648	$289,700	$2,478,518	$-126,052
2021	$191,044	$288,660	$2,547,163	$-97,616
2020	$193,149	$292,264	$2,631,239	$-99,115
2019	$193,744	$302,632	$2,721,206	$-108,888
2018	$191,279	$287,806	$2,863,610	$-96,527